Category Archives: Economic

Drought Hurting Crops

Are you ready for food shortages?  Record heat and drought killing crops… Drought pains & market moves Crop conditions are the worst they’ve been in decades. USDA recognized at least part of that likely slash in crop output in its August 10 crop production and grain supply/demand reports that showed corn yields will likely be around 120 bushels/acre and soybeans below the 40-bushel mark. But, some farmers think those figures are still way too high. Even if they’re not, though, numbers like those raise some major supply/demand concerns for the global corn pipeline and have many farmers wondering how high … Continue reading

Posted in Economic, Weather Information | Tagged , , , | Leave a comment

U.S. banks told to make plans for preventing collapse

It seems like all the bad bank news comes out between Friday night and Sunday. They do this on purpose because they know you’re not paying as close attention to the news on the weekend. Banks are preparing for a collapse? Perhaps you should too! [From Exclusive: U.S. banks told to make plans for preventing collapse | Reuters] (Reuters) – U.S. regulators directed five of the country’s biggest banks, including Bank of America Corp and Goldman Sachs Group Inc, to develop plans for staving off collapse if they faced serious problems, emphasizing that the banks could not count on government … Continue reading

Posted in Economic | Tagged , | 7 Comments

Wait, the U.S. economy actually lost 1.2 million jobs in July?

This is the sort of thing I was talking about in a previous post. The jobs data is skewed to look better than it is because we don’t want any investors to get spooked and crash the markets. As preppers, we need to be able to dig through the fluff and find the truth. In this case, despite the rosy spin, the jobs data still isn’t looking all that good. And as we’ve covered in a past podcast, if there aren’t more jobs being created, the economy can’t improve much, if any. [From Wait, the U.S. economy actually lost 1.2 … Continue reading

Posted in Economic | Tagged , , | Leave a comment

Unemployment Increases to 8.3% in July 2012

Another indicator that the economy is still weak and faltering.  No matter what people are saying, rising unemployment is a bad sign. U.S. Adds 163,000 Jobs In July; Unemployment Rate Rises To 8.3% All of the news articles on this are suggesting that the news is good, because the forecast was only for 100,000 jobs added and there were actually 163,000 jobs created.  Keep in mind that all of this economic news is not for your consumption, it’s for Wall-Streeters and investors not the average person.  Market news is for the market, which is why you often see the markets … Continue reading

Posted in Economic | Tagged , , | Leave a comment

100 Million People in Poverty

I came across this article recently and it floored me.  I’ve had some trouble trying to validate that there are 100 million people in the US that are at or below the poverty level, though I am easily finding data that shows, at least, 50 million Americans are living in poverty. Even at 50 million, that’s an astonishing level of poverty.  That’s 1 in 6 people.  At 100 million, that would be 1 in 3 people.  Both of those figures are amazingly revealing on what’s going on with the economy.  As in, it’s not getting better, despite what we’re hearing … Continue reading

Posted in Economic | Tagged , , , , | Leave a comment

Do You Now Understand Why You Need To Prepare For Emergencies? This Has Been The Worst Year For Natural Disasters In U.S. History

There has been a natural disaster that has caused at least a billion dollars of damage inside the United States every single month so far this year.  According to the National Oceanic and Atmospheric Administration, there have been 10 major disasters in the United States this year.  On average, usually there are only about 3 major disasters a year.  At this point, disasters are happening inside the United States so frequently that there seems to be no gap between them.  We just seem to go from one major disaster to the next.  Last year, FEMA declared an all-time record of 81 disasters … Continue reading

Posted in Economic, Natural Disasters | Leave a comment

Living in a Shanty Town

The link goes to a photo article of a group of homeless people in NJ.  It shows life living in a shanty town.  If you study the pictures, you can learn a lot about what life like this is like and what is important for survival.  You’ll notice that being comfortable, even in a minimal sense, is important and shouldn’t be underestimated.  Surviving isn’t a camping trip, it’s everyday life. THE GREAT RECESSION: Life In “Tent City” In Lakewood New Jersey

Posted in Economic, Natural Disasters | Leave a comment

The Economy Continues Its Downward Spiral

The economy continues its downward spiral and gold and approaching $2000 per ounce.  Where do we go from here? Silver is also starting to rise again, which some people, including me, think might be a better indicator of how spooked people really are about the economy. Rich people can buy gold anytime they want, but when the average person finally realizes that they need to protect their savings from inflation, silver is usually a better option for them, because it’s cheaper. In the podcast, I again dispel a myth about why it’s too late to buy precious metals (gold and … Continue reading

Posted in Economic, Preparedness Podcast | Leave a comment

Most Americans Can't Afford A $1,000 Emergency Expense

Most Americans can’t afford a $1,000 emergency expense – Aug. 10, 2011 Prepping isn’t just about doom and gloom, it’s about surviving the things that everyday life throws at you. We’ve talked about the various levels of disasters on several podcasts and how the personal level are the most likely to occur to you. Things like car repairs and sick children are just a couple of things that come to mind. Most of us have family in another state, if you need to take an emergency flight to be with them, it’s expensive to buy last minute plane tickets. If … Continue reading

Posted in Economic, Natural Disasters | 1 Comment

Why $1764 Gold is Important

In a recent podcast, I completely flubbed the explanation for why gold reaching $1764 per ounce was important. I’ll blame it on an early morning and a late night (and I’m sticking to that story :o). Anyway, I found this video interview with Jim Sinclair, the man who’s pegged this important price point in gold, and he explains it much better than I.

Posted in Economic, Preparedness Podcast | Leave a comment